A study on the relationship between medical, leisure, food, and housing expenses and gathering participation in the case of the middle and older adults using the Korean Longitudinal Study of Aging data

Key Points

• The aim is to identify factors influencing medical expenses among middle and older adults.
• Analysis of data from the Korean Longitudinal Study of Aging
• Utilization of responses from 7,374 individuals
• OLS regression analysis and fixed effects model applied to data from 2018 and 2020
• Leisure, food expenses, and gathering participation negatively affect medical expenses.
• Housing expenses positively influence medical expenses.
• Findings provide empirical insights into medical expense determination for older adults.